The Following Table Shows How Apple Output Changes as Additional

question 143

Multiple Choice

The following table shows how apple output changes as additional apple pickers are hired.Calculate marginal physical product,total revenue,and marginal revenue product.The price of apples is $4 per basket.
Table 8.1-Apple Production
-In Table 8.1,if the price of apples increases to $8 per basket and the equilibrium wage is $48 per day,how many apple pickers will the firm hire?

• A) 2.
• B) 3.
• C) 4.
• D) 5.

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